GBP/JPY Daily forex post- US session August 8, 2014
GBP/JPY Technical view
Open | High | Low | Close | Change |
172.01 | 172.62 | 171.66 | 171.84 | -0.19 |
Resistance | |
Support | |
R3 | 173.30 |
R2 | 173.00 |
R1 | 172.60 |
S1 | 171.30 |
S2 | 171.00 |
S3 | 169.50 |
Sterling is sharply lower in a volatile session versus the yen. However, a close above 171.30 could be positive for the UK currency as the gains could extend to 173.00- 173.50 in the near term. The downside risk still persists and supports at 169.50 could still be tested
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